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Automotive News & Views Can GM make Cadillac the standard of the world Again?
6098 messages, Last post on Aug 14, 2009 at 4:43 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: cooterbfd (Nov 14, 2008 6:49 pm) It's rather illogical to think that the remaining car manufacturers would simply allow their supppliers to close, and that the whole U.S. manufacturing of all autos would stop. The stakes are too big for Toyota and Honda, and the remaining Big 2 not to keep the suppliers going, or to put a 100% effort into retooling the suppliers. As I gave examples, suppliers should be able to retool in days if they care about their jobs. Remember, the American buying public went without buying new cars for 4 YEARS during WWII, so they can wait until they find what they want. That is rather irrelevant as an argument. There was demand for autos during WWII. They would have sold cars if manufactured. There is demand for autos today - currently 12M, which will be there. There was demand for autos during the Depression. As lng as there is demand AND the manufacturers are allowed to produce autos, then there will be sales. And those sales will be 12M, as it looks right now. If GM goes under, the demand is still 12M, and as such other manufacturers are going to see their business increase some. And given that GM has maybe 75 days inventory on lots, and these would be sold at greta discounts, there won't be a sudden wave of demand on the other manufacturers. While the remianing GM inventory is sold, is plenty of time for the suppliers to retool for Ford, Chrysler, Toyota. Cerberus, Ford and Toyota have plenty of cash to loan to any of their suppliers to keep going. They're not going to let a little money to suppliers shut down their 12M in auto sales. Anyone who knows anything about business will tell you that's preposterous. The only reason that story of a shutdown of suppliers and the whole economy is out there is because it's meant to scare the general public into giving them lots of money. If I could get $25B or $75B by making up an Arrmageddon-style story like that to the general public - I guess I'd be corrupted as well. Follow the money and who's putting these falsehoods out. It is the people who will benefit from the loans who are are screaming this, not most financial experts.
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Replying to: kernick (Nov 15, 2008 11:19 am) In short, there ARE people who want cars, but they just can't afford them. This means that you'll see cars from India, China, and elsewhere come in and undercut the current market. The cars may be hardly any better than the old Geo Metro was, but they did sell a lot of those little tins cans if you remember.
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Replying to: plekto (Nov 16, 2008 6:45 am) Regards, OW |
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Replying to: plekto (Nov 16, 2008 6:45 am) That will happen regardless of whether there is a recession, the auto-market is 12M or 16M, or whether the Big 3 all exist or none exist. Despite what you here in the media there are plenty of people who can afford to buy cars; people withdrawing their money from stocks now have that sitting in the bank.
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Replying to: kernick (Nov 16, 2008 2:37 pm) Perhaps then, it may well become a New World Standard. Regards, OW
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Replying to: circlew (Nov 16, 2008 5:37 pm) If the price is right, which an auction would dictate the right price, anyone could buy a former GM division such as Cadillac, and run the plants. If I had the $, I would go to the auction, and buy the plants, tools, designs, and rights to the names. Just don't ask me to subsidize GM, when they could sell Cadillac, or a bankruptcy judge will have it auctioned off, and we can have new owners. Maybe the forum should be renamed: "What should a New Owner do with Cadillac?" 
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Replying to: kernick (Nov 17, 2008 10:40 am) Maybe you should start a new thread with that title???
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Replying to: circlew (Nov 16, 2008 5:37 pm) Yeah, just what we need. A modern day Packardbaker. Yuck!  I can picture a Camry with an eggcrate grille, a wreath and crest on the pignose, and vertical taillights somehow grafted on the Bangle butt. |
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Replying to: nvbanker (Nov 17, 2008 11:07 am) Well I think some of our politicians owe the unions and other corporate lobbyists and donators some favors. And the propagandists of the unions and Big3 are inundating the media with these phoney Armageddon stories for the economy if one of them fails (1st being GM). (Unfortunately there are a lot of suckers out here who believe this!) This is all in preparation for giving Pelosi and Congress a reason to throw the doors of the Treasury open to them. So I'm not quite there in creating the new forum. I'm still afraid we're all just going to continue to bailout the rich and powerful groups in this country, draining any Social Security funds we may have, and bankrupt the country eventually (or have a 50% tax rate). Our national debt is over $10 trillion now, and that's growing faster and faster with each give-away, each year! Why don't we just get it over with and go back to a feudal serf system! giving it all to our Lords! 
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Replying to: kernick (Nov 17, 2008 2:06 pm) That's exactly the strategy. Globalization and endless reverse socialism to help the elite will produce that exact ideal.
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